Singapore building digital advertiser Focus Media Network (FMSN.US) plans to raise $25 million, IPO priced at $4 to $6.

ZHITONG FINANCE APP has learned that Focus Media Network (FMSN.US), a Singapore-based operator of digital advertising screens in commercial buildings, submitted an IPO application to the U.S. Securities and Exchange Commission (SEC) on Wednesday, seeking to raise up to $25 million in its initial public offering. The company plans to offer 5 million shares at a price range of $4 to $6 per share to raise $25 million. Based on the midpoint of the proposed range, Focus Media Network would achieve a market capitalization of $100 million.